Asset Groups
Asset Groups are used to apply accounting rules and default settings to related assets, based on the nature of the assets. The Asset Groups can then be used later for reporting purposes.
How to view Asset groups
View Asset Groups
To view all the Asset groups that are available, select Asset groups option either from Settings section in the pulse menu -
Note
This is an example screen shot of the pulse menu.
Position of the menu items within pulse will vary according to available options and dependant on personal screen resolution.
or from the Quick Launch Side Menu.
This will then show the Asset groups on the system where normal customisation of Sets can be used.
Tip
To modify the columns displayed, select 
on the top right of the page, then tick/untick the information you want to hide or display.
How to create Asset Groups
Create Asset Group
Select Asset groups from one of the options as shown above in Viewing Asset Groups.
Press New.
Enter the details as required -
Code - Enter a unique code for the Asset Group.
Description - Enter a unique description for the Asset Group.
Asset type - Select the Asset Type
Tangible Assets are physical items that have a value and can be touched.
e.g. Computers, Furniture, Vehicles, Buildings.
Intangible Assets are non-physical items that usually have a theoretical value set by the Company.
e.g. Trademarks, patents, licenses, goodwill.
Non capital
Non-depreciating (Tangible/Intangible) either of the above but with no depreciation.
Depreciation method - select a depreciation method from the dropdown list.
A default set of Depreciation Methods will already be created. The Customer will be able to amend individual methods, create new ones or delete obsolete ones. See Asset Depreciation Methods.
Note
Any locked depreciaton methods will not show in the list.
As a default, all 4 Weekly depreciation methods will be locked and will need to be unlocked if required.
Depreciation percentage: This field will only show if Double declining or Reducing balance methods are selected.
Custom Fields: These can be added by selecting
in this tab, then filling out the selection criteria.
Warning
You cannot add a Custom Field containing a space. If you do, you will get a warning message and will be prevented from completing the Save.
- Select Create to save Asset Group.
How to edit Asset Groups
Edit Asset Group
In the Asset Groups menu, select the Group you wish to edit, double click to open.
Select Edit so make changes.
Once all changes complete, select Save.
How to lock Asset Groups
Lock Asset Group
If you wish to reduce the list of available Asset Groups, you can Lock the group.
In the Asset Groups menu, select the Group you wish to lock, double click to open.
From the
button, select Lock.
The Asset Group just locked, will no longer show on the refreshed Open view.
On the Recent view, the Asset Group just locked, will show with a
icon.
When creating a new Asset, the Asset Group locked will not be visible in the dropdown list.
How to unlock Asset Groups
Unlock Asset Group
To see the locked Asset Group in the available list again, you can Unlock the group.
In the Asset Groups menu, select the Group you wish to unlock from the recent view, double click to open.
From the
button, select Unlock.
The Asset Group just unlocked, will now show on the refreshed Open/Recent view, and the
symbol now shows as the 
symbol.
When creating a new Asset, the Asset Group unlocked will now be visible in the dropdown list.
How to delete Asset Groups
Delete Asset Group
To remove the locked Asset Group completely so it is no longer available - The Asset Group must be locked before it can be deleted.
In the Asset Groups menu, select the locked Group you wish to delete from the recent view, double click to open.
From the
button, select Delete.
A confirmation screen appears for you to agree to delete the Asset Group.
The Asset Group just deleted, will not show on the refreshed Open/Recent view.
When creating a new Asset, the Asset Group deleted will not be an available option in the dropdown list.
Updated January 2025